Việt Nam News

National Bank of Cambodia (NBC) is preparing to sign agreements with the State Bank of Vietnam and the Bank of the Lao People's Democratic Republic to promote the use local currency in their economic activities.

Việt Nam's economic growth continued to face challenges which were seen in a slowdown in industrial production and declining exports due to weak external demand and global uncertainties.

Pre-trading margin requirement is a bottleneck in the process of upgrading the Vietnamese stock market.

Paper production stands at 8 million tonnes per year, exceeding paper consumption of 6 million tonnes.

Tech unicorn VNG Joint Stock Company (VNZ) expect to suffer losses for the third year in a row this year with an estimated after-tax loss of about VNĐ572 billion (US$24.3 million).

The proportion of enterprises benefiting from the COVID-19 support policies to the total number of enterprises having access to them was 72 per cent and 76.3 per cent, respectively, said a report.

HCM City is facing challenges to realise its yearly growth target of 7.5 per cent, as the rates recorded in the first and second quarters failed to meet expectations.

In the beginning of June, shrimp selling prices plummeted by about 40 per cent compared to April. Meanwhile, the cost of shrimp seed and feed increased. Those have caused shrimp farmers in the Mekong Delta to suffer heavy losses.

The State Bank of Vietnam (SBV) and relevant ministries are currently implementing a series of solutions with an aim to increase the capital absorption of the economy under the context of low credit growth.

By June 8, credit to the economy grew by merely 3.15 per cent year-on-year, far lower than the annual target of around 14 to 15 per cent.

This is to assist the parties to the transaction using protected online payments.

The market was also under the pressure of foreign capital outflows as foreign investors were net sellers on HoSE.

According to the head of the border gate management board Trần Bích Ngọc, import-export activities via the border gate stay stable with trade turnover from the beginning of this year to June 15 reaching nearly US$1.5 billion, a year-on-year increase of 8.24 per cent.

Prudential Vietnam and Vietnam International Bank have extended their exclusive bancassurance partnership until 2036, underscoring their objective to bolster confidence in and contribute to the healthy and sustainable development of bancassurance.

The value of margin lending at securities companies is increasing in the context that the liquidity in the market has shown positive signs.

EUDR would be applicable around December 2024 and January 2025. Microenterprises and small enterprises would have an additional six months to comply with the regulation's requirements.

The presence of foreign-invested enterprises in Việt Nam's retail sector has increased competition among businesses, jointly regulating supply and demand in the domestic market.

With emerging technologies such as AI and blockchain, Việt Nam has the ability to leverage data connectivity to create ‘an integrated payment ecosystem’ to promote cashless payments, experts said at a meeting last Friday in HCM City.